A cost-benefit analysis is a decision-making tool. It is a process of adding up the benefits of doing something or buying something and subtracting the costs to help us decide whether that purchase or action is worthwhile.
A friend in the industry contacted me recently for suggestions on dealing with a request from a customer of their calibration service requesting the results of vision tests on their lab people.
Before Doing Your Own Calibration, Consider these Costs.
August 4, 2014
From time to time we received requests to quote on the calibration of a large variety of items and then never heard from that potential customer again.